Dark Forest Capital Management LP Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Dark Forest Capital Management LP bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,516 shares of the construction company's stock, valued at approximately $643,000.

A number of other large investors also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in Comfort Systems USA in the fourth quarter worth about $217,771,000. Norges Bank bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $196,154,000. JPMorgan Chase & Co. lifted its holdings in shares of Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after purchasing an additional 250,085 shares during the last quarter. FMR LLC boosted its position in Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares during the period. Finally, First Trust Advisors LP grew its stake in Comfort Systems USA by 29.5% during the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock worth $196,675,000 after buying an additional 105,756 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock traded up $2.94 on Tuesday, hitting $397.34. The company had a trading volume of 449,269 shares, compared to its average volume of 440,266. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $14.04 billion, a PE ratio of 27.20 and a beta of 1.27. The business has a 50-day simple moving average of $345.85 and a 200-day simple moving average of $412.11.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm's quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company posted $2.69 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.45%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FIX shares. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Stifel Nicolaus reduced their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday. Finally, Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and a consensus price target of $517.60.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.